The Government approved the modernization of Cugir Mechanical Plant, the investment amounting to about 410 million RON, and the project is set to run for three years, the spokesman of the Executive, Mihai Constantin, announced."After the recent approval of the Defence Industry Strategy and the investment location in "Victoria" gunpowder factory announced last weeks, a new project has received today the Government's approval in this field of arms manufacturing, namely the modernisation of the Cugir Mechanical Plant in order to increase the production capacity and diversify the range of NATO ammunition," Constantin said.He said that the investment is worth about 410 million RON and will be financed from the state budget, with the project duration estimated at 36 months, three years."The reorientation towards a modernised production line at the Cugir Mechanical Plant will lead to increased operational efficiency, quality standardization, and will bring benefits to the safety and flexibility of production there. Additionally, for context, the defence industry sector is a strategically important segment of our economy and is meant to support the country's defence preparedness effort, so as to meet its own needs and honour the obligations assumed by our country as a NATO member," Mihai Constantin added.
Romanian prime minister Marcel Ciolacu said on Monday, February 24, that a "lasting peace" in Ukraine cannot be achieved without the involvement of the United States, and argued that Romania does not have to choose between it and the European Union. The statements come as the Trump administration is currently negotiating a resolution to the […]
Romania's acting president, Ilie Bolojan, has invited leaders of parliamentary parties to consultations on Wednesday, February 26, to prepare the country's stance for the extraordinary European Council meeting on March 6 in Brussels. The summit, convened by European Council president Antonio Costa,...
Roughly 40 searches took place in the Port of Constanța and other locations on Monday, February 24, in an investigation by the Anti-Corruption Directorate, or DNA, targeting influential local businessmen, former customs officials in the port, and one of the leaders of the Constanța branch of the governing Social Democratic Party (PSD). The prosecutors’ accusations […]
The Bucharest Community Foundation has announced funding for two new projects aimed at enhancing climate resilience in the Romanian capital by implementing sustainable ecological solutions to improve urban infrastructure and environmental quality. The projects were selected through the sixth round of the Environmental Platform for Bucharest initiative. Out of 16 eligible proposals, the jury chose […]
One of the hostages released on Saturday, February 22, by the terrorist organization Hamas also holds Romanian citizenship. The exchange took place before another setback in negotiations and exchanges. Hostages Tal Shoham and Avera Mengistu were released during a staged event in Rafah, and hostages Eliya Cohen, Omer Shem Tov, and Omer Wenkert were released […]
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, is set to open a new shopping center in the Arad region. The opening date for the roughly 10,000 sqm retail park is March 6. The decision to build a retail park in the Arad region in western Romania was […]
